Not surprising, as long as you have the right connections, a little matter of a corruption investigation shouldn´t be too much of a problem to getting ahead.
Unfortunately, this confirms yet again the corporatist nature of the contact economy.
This is another reason why France needs real independant directors.
Onésimo Alvarez-Moro
See article:
The oil company Total named Christophe de Margerie, formerly the company’s No. 2 executive, as its chief. Mr. de Margerie is under investigation in France over a possible plan to pay foreign officials for the right to drill in their countries, linked to the oil-for-food program for Iraq. Total, following the footsteps of several big French companies, announced last year that it would split the jobs of chief executive and chairman, leaving Thierry Desmarest, who currently holds both posts, as chairman only. Mr. de Margerie, left, currently head of the exploration and production division, has worked for Total for more than 30 years.
See full Article.
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